Arch MI Now Integrated with Mortgage Coach
Summary
The addition of Arch MI RateStar® on-demand pricing enables loan officers (LOs) to quickly and accurately educate borrowers on the impacts that MI has on closing costs, monthly principal and interest payments and total payments over the life of the loan. “Our annual need for loans requiring mortgage insurance is expanding as home affordability continues to be a challenge for our members. This innovation will help more of our members better understand how mortgage insurance can be part of their home loan strategy, which is valuable in every market we serve.” “The addition of instant Arch MI quotes clearly enhances originators’ presentations using Mortgage Coach technology that today’s homebuyers are comfortable with,” said Will Vickers, Arch MI’s Vice President of Industry Technology. Headquartered in Greensboro, North Carolina, Arch MIs mission is to protect lenders against credit risk, while extending the possibility of responsible homeownership to qualified borrowers. Thousands of banks and lenders rely on Mortgage Coach to turn borrower education into a competitive advantage.
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